Atkore Inc (NYSE: ATKR) is -34.72% lower on its value in year-to-date trading and has touched a low of $80.11 and a high of $194.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ATKR stock was last observed hovering at around $90.84 in the last trading session, with the day’s gains setting it 13.61%.
Currently trading at $104.45, the stock is 18.70% and 20.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing 14.98% at the moment leaves the stock -22.03% off its SMA200. ATKR registered -20.10% loss for a year compared to 6-month loss of -33.74%. The firm has a 50-day simple moving average (SMA 50) of $86.638 and a 200-day simple moving average (SMA200) of $134.20724.
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The stock witnessed a 23.68% gain in the last 1 month and extending the period to 3 months gives it a 9.67%, and is 22.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.67% over the week and 3.02% over the month.
Atkore Inc (ATKR) has around 5600 employees, a market worth around $3.75B and $3.28B in sales. Current P/E ratio is 7.34 and Fwd P/E is 8.95. Profit margin for the company is 16.24%. Distance from 52-week low is 30.38% and -46.43% from its 52-week high. The company has generated returns on investments over the last 12 months (21.66%).
The EPS is expected to shrink by -25.35% this year
575.0 institutions hold shares in Atkore Inc (ATKR), with institutional investors hold 111.66% of the company’s shares. The shares outstanding are 37.32M, and float is at 35.33M with Short Float at 10.33%. Institutions hold 110.64% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.94 million shares valued at $531.4 million. The investor’s holdings represent 10.7225 of the ATKR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.74 million shares valued at $504.52 million to account for 10.18 of the shares outstanding. The other top investors are FMR LLC which holds 1.36 million shares representing 3.712 and valued at over $183.97 million, while MACQUARIE GROUP LTD holds 3.2548 of the shares totaling 1.2 million with a market value of $161.31 million.
Atkore Inc (ATKR) Insider Activity
Still, SEC filings show that on Sep 03 ’24, DAVID P JOHNSON (Former Officer) Proposed Sale 2,000 shares at an average price of $90.03 for $0.18 million. The insider now directly holds shares of Atkore Inc (ATKR).
